Business · Companies · 3 hrs ago
GPA and Casas Bahia settle disputes tied to failed 2009 partnership
GPA and Casas Bahia agreed to settle court disputes on Friday, November 13.
The disputes stem from the companies’ failed business partnership in 2009.
GPA owns the Pão de Açúcar supermarket chain in Brazil.
Under the agreement, GPA forgives R$700 million for Casas Bahia.
The deal is intended to bring the legal disputes to an end.
The available details do not say what further steps, if any, are planned.
GPA and Casas Bahia agreed on Friday to end legal disputes linked to their failed business partnership.
The agreement includes GPA forgiving R$700 million owed by Casas Bahia.
The partnership was formed in 2009.
The agreement was reported by Reuters, according to UOL.
- Who
- GPA and Casas Bahia.
- What
- They agreed to settle legal disputes, and GPA forgave R$700 million owed by Casas Bahia.
- When
- Friday, November 13, 2026.
- Where
- Not stated.
- Why
- To end legal disputes linked to their failed 2009 partnership.
This story does not have two clearly opposing sides.
GPA and Casas Bahia formed the partnership that later failed.
The companies agreed to end legal disputes linked to the partnership.
- Companies
- GPA and Casas Bahia
- Forgiven debt
- R$700 million
- Partnership
- Failed association in 2009
- Agreement date
- November 13, 2026